He should bring about reforms that may be painful in the beginning but will pay results. Britain became more competitive after Margaret Thatcher became the prime minister and brought about reforms. Companies spend a lot of money on training their employees and there is no fun in firing them,” Gujral said. He maintained if Modi government was promoting ease of business, then it should realise that labour reforms formed a key part of that.Batting for judicial reforms, Gujral said: “Banks are being looted through fraud and probe continues for years. A proper cadre to investigate white collar crime should be created instead of the CBI probing them all.

Source: Economic Times May 28, 2019 01:52 UTC